JPM on the most anticipated Bitcoin Event

1. The $Bitcoin(BTC.CC)$ halving event, set for the end of April, will cut miner rewards from 6.25 to 3.125 BTC per block, negatively affecting miner profitability due to lower rewards and increased production costs.
2. The current estimated central production cost of Bitcoin is $26.5k, expected to double to $53k post-halving due to reduced rewards.
3. A projected 20% drop in the Bitcoin network's hashrate post-halving, primarily from less efficient miners exiting, would adjust the production cost estimate to $42k.
4. After the initial excitement from the halving event subsides (expected after April), Bitcoin prices are anticipated to stabilize aro